A benefit of the gold standard was that it provided an anchor and long-run price stability for a country.

Question

Quizplus · Accepted Answer

The gold standard limited the amount of money that could be printed, ensuring that each unit of currency was backed by a specific amount of gold. This linkage provided an anchor for prices, contributing to long-term price stability by preventing governments from inflating the money supply arbitrarily.

A Benefit of the Gold Standard Was That It Provided